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- S.384
S.384: Water and Agriculture Tax Reform Act of 2015
About This Bill
- Introduced Feb. 5, 2015
- Latest Major Action Feb. 5, 2015
- See the six similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
4 (1 Democrat, 3 Republicans)
Bill Summary
Water and Agriculture Tax Reform Act of 2015 Amends the Internal Revenue Code to permit tax-exempt mutual ditch or irrigation companies to earn income from dispositions of certain real property and stock interests without affecting their tax-exempt status. Requires that such income be used to pay the costs of operations, maintenance, and capital improvements of such a company.
(Source: Library of Congress)
Bill Actions
Date | Description |
---|---|
Feb. 5, 2015 |
Read twice and referred to the Committee on Finance.
|
Feb. 5, 2015 |
Introduced in the Senate by Michael D. Crapo (R-Idaho) |